Bitcoin Forum

once again the bitcoin price rise has led to a massive altcoin dump all over the altcoin market as they continue losing value against bitcoin and show red on the charts. interesting point is that the top coins with bigger market cap are dropping harder than the smaller coins which is probably due to the arbitrage opportunity between the ALT <> USD <> BTC which is also partly the reason for the ALT/USD small rise.

https://i.imgur.com/Xelk6aF.jpg

As far as i know from the old chart of crypto when bitcoin gets a pump and traders are massively converting their altcoins to the bitcoin and otherwise. That makes altcoin lose its value in bitcoin terms. isn't normal if those altcoins are losing the price in bitcoin terms?

There has not been such a large jump in BTC price for a very long time, so many people were not prepared. In my opinion, this was the main reason for the quick conversion of altcoins to BTC and this mainly make this difference. I think that with a stable and slower growth, these differences will be little, and even some altcoins (such as ETH) will gain value faster.

It's been a long day bitcoin price never really improve and the spike today is tremendous
It causes people to dump altcoin definitely because its was different type of altcoin which got pumped in the past few weeks

However, Bitcoin is just back to 51.8% dominancy
Seems like its kinda a 50/50 market share of Btc vs altcoin there

Just yesterday I saw two of my big channels that I still somehow follow telling the people see, Bitcoin cannot even break $4200 and altcoins are gaining back dominance. Then boom,,, Bitcoin shows everyone who the boss is, and flies all the way to 5000 plus gains back 51.5% dominance.

The market will always eventually be red for altcoins against BTC. Time to see and accept that!

that once again for the millionth time proves that people should stay far away from any channel that is discussing price related topics regarding altcoins because all of them without an exception is directed by either newbies who are spreading nonsense misleading a lot of people or by pumpers who are misleading people so that they can rob them.

The USD market is on green all the way. Everyone who bagholds alts are now transferring to bitcoin. They don't wanna miss opportunity of buying while it's rising, if this isn't a trap this is good for those who bought while it's below the current price. Bitcoin dominance is 51.4% and I think there's overflowing cash to the alts market. It's usual to see alts go on red when bitcoin is going up but on the latter part, when everything has been established alts will follow the green gang.

Yes market was red at that time and every time when bitcoin goes high most of altcoins goes low in trading pair alt/BTC, i don't know why always happen but this is it, i expect to grow more bitcoin this month.

The shocking rise has probably hit the limits on some trading accounts that already had planned dumps ahead. Now that confidence has returned those limits are going to be pushed up and traders will increase their gains before dumping

When BTC pumps, it's inevitable that ALT/BTC dumps. If BTC sideways in a few days ahead, ALT/BTC will recover. The only regret is that BTC pumped so out of the blue that I couldn't out my alts to BTC. Luckily I had a bit spare BTC to buy when ALT/BTC dipped.

This is what I'm saying on my previous post wherein perhaps another trap by whales because it's very suspicious scenario and it's very rare to happen now especially on this kind of situation of market.  in fact there's no specific reason why there is a sudden bump in the market, so it's very suspicious actually . Probably now it's very clear that this will ending again on manipulation not just a correction of price.

If you look market on btc value with the day btc pumped of course it will show red.

But on the contrary, it is green. Because btc pumped greatly and alts lost some value compared to btc not fiat.

What i have seen just before coming here is that almost all the coins are also positive in terms of usd, so i think it is natural when btc gets stronger you will get more alts for same btc when its stronger i think once btc settles only then the effect will resonate to alts.

you are right,, but our portofolio in bitcoin terms was decreasing wich mean red, right ?
if we look in usd terms our crypto must be green,
but if look into the biggest gainers list on coinmarketcap, few altcoins growing hard in bitcoin and usd terms too  ;)

showing tether falls 10% and now I see in the coinmarketcap tether falling up to 11%, the situation > usd is different, all green from top to bottom this is carried by bitcoin as the rising parent I wonder if the bull run happened this year! yeah I hope it will happen this year

definately this is expected to happen because of the ways most of the altcoins are sympathizers with bitcoin.  However many of them are green against USD and that is what matters to us.  Billion of dollars has flow into the market and we are happy that this has happened.

It is like running to assurance. But, as the increase continues, altcoins find their place. I guess bitcoin should recover itself, later it  will start helping altcoins.

I think this is telling half the story, the price was down in BTC because of the recent pump but was up in USD value, this is nothing like the bear market when the price dropped both in USD and BTC value. The relationship between BTC and Altcoins is a see-saw relationship and the price will go up when BTC price stabilize

Yeah it's how its always been. People sell alts when they see bitcoin pumping in hopes of joining the pumpride. I see it differently though. Especially when it's pumping for just a few hundred dollars. Yesterday was a good day to get some more cheaper alts since they don't reslly stay down when the reason of their dump is a btc pump.

Too sharp growth after a long stagnation will definitely be replaced by a sharp drop in the value of cryptocurrencies in the coming days. However, I am in no hurry to sell my tokens. I will wait longer, as all my investments are designed for a long time. Still, in the long term, the cryptocurrency will only develop.

I don't think the sudden BTC jump was that surprising. Prices had been moving steadily upwards for a couple of months, with any dips recovered almost immediately. We were due a breakout upwards. As usual, BTC leads, and then alts follow. So both increase vs fiat, but the initial stage is alts remaining relatively static whilst BTC goes up - which is why it translates as alts red against BTC at the start.

i believe that the reason for it is two things.
first is the arbitrage traders who see the difference and start buying some pairs and selling it on the other pair market. for example buying ETH/USD then selling ETH/BTC and enjoying the BTC price rise. that can also explain why the altcoin dumps is not that big and right in the middle.
second is the fact that traders have always been aiming to make more bitcoin not more altcoins. the main reason why altcoin market exists and is pumped every day is to help them make more bitcoin. so in the end when bitcoin rises everyone dumps their altcoins to get their bitcoins out before they lose value.

Yeah whenever BTC Pumps alts starts bleeding, But once everything stabilize alts will follow shortly. We can expect more people to jump in BTC bandwagon and dump their alts in favor of the king Bitcoin.

What date is that? As far as I know yesterday the market increasw jump very high. And if you try to check again the market is already increased more and now is $5000 . This coming next few days I expect more jump value of the bitcoin and the altcoins.
Market now is all green again better to change it to that. But if people panic again it become red again if the people not take care of what aalready hitted the bitcoin.

like yesterday's pump event where bitcoin rose high but some altcoins only increased slightly. but after bitcoin dropped back and began to stabilize, altcoin began to crawl up on the market, and it will continue to follow the growth of bitcoin on the market. at least now the market is in good condition.

it is green only if you look at their USD prices but that is false and misleading you should look at the real value which is in BTC not in USD.
so next time when you visited coinmarketcap.com, change the settings on top from USD to BTC and you will see how they have been getting dumped.

after all most exchanges have only ALTcoin/BTC markets with some ALTcoin/Tether markets with a much lower volume. and majority of traders are only trading against bitcoin so we shouldn't be even looking at anything else.

I think now the price of bitcoin has also experienced a pretty good surge, so the prices of other altcoins will also follow the current surge in bitcoin prices, because now market prices have also turned green.

Well, at the moment it is green, but it is normal due to the rise that there has been a bitcoin, so it is very likely that the altcoins follow the same direction that is heading bitcoin, especially those that are in the first 5 of CMC , since in some way, the graph and structure of them are very similar, and have a greater advantage than the other altcoins for having more market capitalization. For now the market is green, but it is better to wait because everything can happen in Crypto !

At least major coin break up their level now especially eth and btc. I think it is not surprising to see the changes drastically as this market is full of volatility and surprises. I have a feeling that it will continue to keep improving since many platform improved since then. Like eth upgrade that clear up some flaws on the network. Plus many project has keep moving forward such as enj, and many more. Include to that the IEO success story for every big exchange.

exactly, but most of the altcoins values occur due to an increase in bitcoin. we can only wait for the breakout point of the bitcoin market and that can determine which direction the altcoins will move.

Let's hope that the bitcoin and altcoin can rise together so we can get a double profit from bitcoin and altcoin. I think that can happen soon. Although bitcoin continues to rise, some of the altcoins still rise too behind of bitcoin because I see that many of altcoin doesn't get a dropped even if bitcoin is rise. Maybe people believe that altcoin and still support that altcoin, so no matter if bitcoin rise, that coin will follow.

Everything is showing stability and we can believe that April will be the year when the market officially enters the stage of uptrend and Bitcoin, ETH has increased by more than 20% today, making the psychology of people very excited . I think no one will sell panic at this time because the demand for investment is so high and make them make a huge amount of money in the last few days.

We cannot trust this pump up for bitcoin we already on the bottom of some indicators maybe bitcoin will down a little bit then pump up again some people truly believe that this is the start of bullrun.

But take a look and read this article someone buy a 20k btc this recent pump up for bitcoin.
https://cryptoslate.com/did-a-20000-btc-order-push-bitcoins-price-to-5000/

That's right because the more people who adopt bitcoin it will be faster for bitcoin to experience a good price increase, so to make bitcoin rise again by adopting large-scale bitcoin

it looks like the altcoin holder is simultaneously switching to bitcoin so the altcoin falls. normally if the price of bitcoin is stable then the altcoin price adjusts the price

Sorry but bitcoin now is finally on the top of 5k value. And for sure all alts now on the coinmarkecap is fine as well along with bitcoin. So the red last night is definitely a temporary adjustment of price which like what always happened when market is trying to push more. Indeed everything now is under control of green and seems the growth rate still want to create a little progress. .

Obviously they are red, Bitcoin is on the move and until it gets stabilized most of the altcoins prices in the BTC market will drop. Its the best time to accumulate some good coins in this artificial dip. On the other hand new coins have started making news, XAUp Pokens are one of them which is getting popular everyday, PPT team is doing everything to make a success as their exchange will be live soon.

Most probably alts will follow after bitcoin keeps moving up, the surge rise still holding traders who wanted to earned might dumped their alts and exchange it to bitcoin and then convert to fiat to maximized the profits, there's always good and bad inside this market, being responsible and knows how to timing before making any moves will let you to push forward and not being bothered by any uncertain situations.

I'm actually pretty confused about what happened to traders now, when the price of bitcoin falls and doesn't rise, they complain. and even conditions were better than 1 month before, they also continued to complain that the altcoin also experienced a significant decline.I suggest them to stop complaining about market situation and never blame the market.

 right. I have tried to trade with that strategy and it is quite effective. I predict the market's cycle of increase and decrease and determine the time to buy USDT at a reasonable price. then when the market was red, my money increased significantly. But we need some big capital to do it. Safe and easy money ;D

I don't see the altcoin market going red. Everyone is on green so the OP might have jump on the conclusion early. Anyways, it's good to see the altcoin market going lively as well, massive massive pumps on a lot of coins. As usual, when bitcoin majority of altcoin follow as well because obviously, every coin is pegged on Bitcoin/X trading pair. Let's just hope that this will continue know and at least recover 50% of the price of the last ATH.

Now turn on your internet and see what is going in the crypto market. All sudden again bitcoin price started rising. I do not know when and what you speculate this or see this. Always have faith on cryptocurrencies definitely in long term you will find the profit for sure.
Few minutes before I see +7.2 percentage profit from yesterday same time to now.

As expected when bitcoin soaring high all altcoins will go down,  that's exactly what is happening right now,  bitcoin is now $5100 from @4300 so it's much expected for the market to go red as everyone will wanna sell their altcoins to bitcoin alone

Bitcoin is rising continuously for the past few days. It's about $ 5,130. It's really impressive about this breakout. We will wait for the green to continue continuously in the near future. Perhaps the market will gradually recover and stabilize in 2019.

I think this was just a temporary one because I can see from coin marketcap that majority of them are green again,  although this is not yet the time for altcoins and many who understand the market will see that, it’s best to convert altcoins to BTC now which has usually been the practice in the past once bitcoin start running on bull, and once they have taken enough profit they want from the Bitcoin bull market, they reinvest in these altcoins again.

So, the red you see might not necessarily mean that the altcoins market was fully abandoned or dumped, it’s just a strategy many people learnt to have both in their favor.

They are speedily trooping into this bandwagon and I see BTC reaching $5900 shortly because I believe that some few altcoins has followed BTC to increase, some investors will sell it off to buy more of Bitcoin and this will further make the price of some altcoins experience decline, this decline will be another good point of entry for those who are yet to invest in these altcoins because the moment those that sold there are done with BTC, the will pump in same money back into altcoins, forcing altcoins to follow this bull trend too. I am also waiting to take advantage of this and it happens soon.

When Bitcoin began to grow, capital from altcoins began to flow into Bitcoin. The balance in the total capitalization of the cryptocurrencies. So far it can be explained in this way. When more users invest their funds in this industry, then it will be more interesting to play, but the volatility of the market will be less, and therefore the income of traders will be less.

It's been like that, each time bitcoin pumped the reactions coming from alt coins holders is to sell their assets and keep their bitcoin as it has
much bigger value in fiat currency, the nature of this industry will take that as long as there's  a action/movements that will happen we will
expect bitcoin will do first then alts will follow.

but there is a good side for those who hold bitcoin and some big assets. because the market growth that occurs will certainly bring in investors. the greater the incoming funds the greater the impact on the crypto market increase.

That is very important and bitcoin keep increasing and remain green throughout this month , that is going to influence other coins positively in future.  The inflow of fiat into the market is what create the bull run in bitcoin and I do believe that this will continue.

Bur just after almost 20 hours market turns back green again and now are red once more,isn’t it the best time for daytrading?Moving market prices ups and downs are best chance for us to recover from the losses that 2018 brings

Yesterday it reached $5,283 the highest we had for how long now,but right lets hope that this will continue until end year

I think it has long been predicted that if the relevance of Bitcoin increases, then investors will least pay attention to altcoin. Of course this does not apply ethereum. But nevertheless, if the government policy positively affects the cryptocurrency market, we will see very good results in the development of this market.

Rally is over, pack your bags :D BTC is back in $4800 level once again,..
 
Is this the bottom?  Is the Greendays is over? But lets just hope BTC WILL HOLD at $4800

increasing and increasing, the current bitcoin price continues to increase and affects almost all types of crypto currencies. I became one of the lucky people with this situation that some of the altcoins I have bought have increased and made a profit for my investment.

we better defend our bitcoin first, even though the price hasn't been supported yet, the most important thing is that the price can return to normal. so don't give up before seeing the next bitcoin development.

The market is red, that doesn't mean that it is always indicating a bear market. While the market is going upward it's a sudden huge rally and again it shows a nominal downfall. Here this time also the same situation occured in the last 5 days. The Bitcoin price saw a immediate growth of more that 1000$ from the $4200 to $5300. But, now it is trading in between $4700-$5250. Which is forming a upward hill in the chart and it is a symbol of bull market.

A week ago, before the rise in prices, Bitcoin dominance was about 53%, and today, when its price has risen, its dominance is 50%, which shows that altcoins have received a part of Bitcoin capital and also have risen in price against the general rise in prices on crypto exchanges.

Firstly, it is too early for everyone of us to make decision about the market because the current status of the market was 50-50 which every analysiser which the market will proceed with surge in price momentum and for the Bitcoin market to gain some green at the moment, I believe the chance that the rally is not over is 60% now.

That happen because today is weekend the market trend is still not guarantee which make most experienced arbitrage traders believe swapping some of their bitcoin for stable is the best way to keep their profit intact for next week market trend. But looking at the Bitcoin now and I think the rally is for real.

Market is red all over again... and this topic is being discussed again  ;D.
This is a long-known fact. As long as the altcoin projects do not get profit, this will be repeated in the market.

Holding less altcoin and more Bitcoin was indeed the strategy played by artitraged cryptoneir whenever the crypto market poses the strength of bullish market which is why Bitcoin dominance surpasses altcoin. Despite that we all have different point of view and understanding about the market.

The red market is what makes people feel the most anxious and frightened because it is time they don't know what to do next. Many people will choose safe solutions by selling panic and few people will keep it until the next price increase occurs. I think everyone will fall into these two cases when participating in cryptocurrency, but to get rid of that, you need a lot of knowledge to re-evaluate the whole.

before that, I was sure the bull run hadn't come fully because Market is red all over again but it's been pretty good just down a bit from before hoping all coins can survive and not go down even deeper

It's been fluctuating, which is not a bad indication though. Maybe there are constant buyers around in the market that's why the price is going up on a roller coaster ride.  But just a little fluctuations anywhere from 0.05%-3% is not bad at all.

indeed for this year most people are holding bitcoin from altcoins in order to get big profits later, because this year bitcoin will definitely experience a good price increase and will promise also

A lot of people believe Bitcoin will get pumped especially halving that will come even still long enough. But people not want to miss chance to buy bitcoin at cheap price before it get increased like now.

Market is now something change  transaction increase

Now it's starting to improve, because it would have to be a little stretched to get a little bit up, so now it's going to get better.

a few months ago the market did experience red. but now the market is slowly recovering again as before. so we have to be more patient to wait for the market to come back higher.

Like i said before in other subjects... please be more patient and don't think this is in 100% start of a new bull run - we have to wait for some confirmations and than speculate on that.

One of the reasons why red all over again is because of Bitcoin flash pump above $4,000 level. We saw that broken resistance on $4,000 and now, Bitcoin price is playing around $4,900 - $5,200. But, there's a lot of altcoins affected on this pump of bitcoin because some of the people sold their altcoins just to buy Bitcoins.

as I know the crypto market is erratic, sometimes green is all red all of the time. crypto market this month the increase was rather good compared to last month and the possibility of investors impacting many buyers so the market that was very bad yesterday is quite good

True, if we compared the market condition this month with last month, it's far better on this month because crypto market is going up right now.

Market is back to the green, i hope it's not go down again anymore. $5k bitcoin price already reached, it's time to go to $6k per bitcoin!

that's true the market now are still in recovery of the price and going to green always. It can be red but not totally to long, And yes we need to be patient and wait on the time the market be go in high price of each coins.

There is nothing wrong if the market is at red,it is normal that it drops for a couple of percentage and within a couple of days or hours it will comes back to its normal price that is a usual thing to happens, dont be alarming with a single number of red marks, if you see it that it drops with a large numbers then that is the time you need to withdraw your holdings if ever.

When there is Red , there is Green underway to come. Just woke up and saw we are still up on 5000 usd mark. Great month April seems to be for bitcoin and crypto holders. The bear is awake and i dont think we gonna go dip after this month, till the end of this year we will be even 8000 usd up.

This is the usual status of crypto prices it turns red and green. As I have checked price is slowly increasing but their is no guarantee price will continue to rise up. So, at this point I think price in the market will bounce but it take time though.

We should not worry when the market is red. Because this proves that the crypto market is trading and capitalizing. But the green comes back quickly. I see the green again today despite yesterday. Red covered coinmarketcap. Hope the development of the crypto market is sustainable and the price increase of Bitcoin is stable.

the market in a few days until now, I think there has been a green development, because it seems that the price of bitcoin is also slowly starting to grow better, so I'm sure the market price is now starting to improve.

in my opinion, now the crypto market will not rise for a long time, and it will certainly decline again, and we cannot predict it well. moreover the situation will not always improve. there must be a deteriorating situation. so for now we must think long and of course we must be patient with the situation that has happened now.

why are you not ready before you start investing with crypto currencies, investors must know all the risks that will be obtained in these investments and in circumstances such as these investors do not panic

I think that you are in the prospects of ethereum. No one doubts especially after the unsuccessful renewal of Constantinople, when the transaction speed increased significantly, and the price for the transfer of coins decreased. But I would also like to mention the update of St. Petersburg, which was aimed at unblocking the funds But their company. This is also a great achievement for the team and other users of cryptocurrency.